GTU MBA Last 10 Years 2010-2020 Question Papers || Gujarat Technological University
FirstRanker.com
A FirstRanker's choice
Subject Code: 3519202
Time: 10:30 AM To 01:30 PM
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
Q.1 Write short note
(a) Money Neutrality 07
(b) Consumer surplus 07
(d) Repo rate and CRR 07
(e) Deadweight Loss 07
(f) Natural Monopoly 07
(g) Economic Profit 07
Q.2 Explain price elasticity of demand and the income elasticity of demand. 07
Also explain the determinants of the price elasticity of demand.
Q.3 What are the demand schedule and the demand curve, and how they related? Why does the demand curve slope downward? 07
Explain the relationship between a firm’s total revenue, profit and total cost with the help of diagram. 07
Q.4 What is CPI? List the steps involved in calculation of CPI. Briefly explain the three problems in measuring the cost of living. 07
OR
Discuss production and pricing decision for monopoly firm. 07
Q.5 Competitive: Firm stays in market even if they make zero economic profit. Explain it. 07
Q.6 Define Nominal Exchange Rate, Real Exchange Rate and the concept PPP with suitable examples 07
Q.7 Explain the short run trade-off between inflation and unemployment using the Phillips curve. When does the Phillips curve become vertical? 07
OR
Q.8 What is CPI? Describe the three problems that make the consumer price index an imperfect measure of the cost of living. 07
FirstRanker.com
MBA - SEMESTER (1) - EXAMINATION - SUMMER 2018
Date: 01/05/2018
Total Marks: 70
FirstRanker.com
A classic example of monopoly that arises from the ownership of a key resource is De beers, the South African diamond company. The company was founded in 1888 by Cecil Rhodes, an English business man (and benefactor for the Rhodes scholarship), when he merged two of the biggest mines in the country. Rhodes then proceeded to use his profits to continue buying mines, consolidating his market power.
Today, De Beers controls about 80% of the world’s production of diamonds. Although the firms share of the market is not 100%,it is large enough to exert substantial influence over the market price of diamonds.
How much market power does De Beers have? The answer depends in part on whether there are close substitutes for its products. If peoples view Emeralds, rubies and sapphires as good substitutes for diamond, then De Beers have relatively little market power. In this case, any attempt by De Beers to raise the price of diamonds would cause people to switch to other Gemstones. But people view this others stones as very different from diamonds. Then De Bees can exert substantial influence over the price of its product.
QUESTIONS:
(a) Before other nations began mining for diamonds, did De Beers have a geographic monopoly, or was it part of a monopolistic competition? 07
(b) As more businesses and nations enter the diamond industry, why does De Beers retain such a significant share of the market? 07
OR
Quantity Variable cost Total cost
0 0 30
1 10 40
2 25 55
4 70 100
5 100 130
6 135 165
Calculate AVC, ATC, & MC for each quantity, Graph all three curves. What is the relationship between the marginal cost curve and the average total cost curve? 07
A FirstRanker's choice
Subject Code: 3519202
--- Content provided by FirstRanker.com ---
Subject Name: Economics for Manager (EFM)Time: 10:30 AM To 01:30 PM
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
--- Content provided by FirstRanker.com ---
3. Figures to the right indicate full marks.Q.1 Write short note
(a) Money Neutrality 07
(b) Consumer surplus 07
--- Content provided by FirstRanker.com ---
(c) Cross elasticity of demand 07(d) Repo rate and CRR 07
(e) Deadweight Loss 07
(f) Natural Monopoly 07
(g) Economic Profit 07
--- Content provided by FirstRanker.com ---
Q.2 Explain price elasticity of demand and the income elasticity of demand. 07
Also explain the determinants of the price elasticity of demand.
Q.3 What are the demand schedule and the demand curve, and how they related? Why does the demand curve slope downward? 07
--- Content provided by FirstRanker.com ---
ORExplain the relationship between a firm’s total revenue, profit and total cost with the help of diagram. 07
Q.4 What is CPI? List the steps involved in calculation of CPI. Briefly explain the three problems in measuring the cost of living. 07
--- Content provided by FirstRanker.com ---
Q.4 What is the Prisoners Dilemma & What does it have to do with Oligopoly? 07OR
Discuss production and pricing decision for monopoly firm. 07
Q.5 Competitive: Firm stays in market even if they make zero economic profit. Explain it. 07
--- Content provided by FirstRanker.com ---
Q.6 Define Nominal Exchange Rate, Real Exchange Rate and the concept PPP with suitable examples 07
Q.7 Explain the short run trade-off between inflation and unemployment using the Phillips curve. When does the Phillips curve become vertical? 07
OR
--- Content provided by FirstRanker.com ---
GDP is not ultimate measure of well-being of an economy. Discuss it. 07Q.8 What is CPI? Describe the three problems that make the consumer price index an imperfect measure of the cost of living. 07
FirstRanker.com
--- Content provided by FirstRanker.com ---
GUJARAT TECHNOLOGICAL UNIVERSITYMBA - SEMESTER (1) - EXAMINATION - SUMMER 2018
Date: 01/05/2018
Total Marks: 70
--- Content provided by FirstRanker.com ---
FirstRanker.comFirstRanker.com
A classic example of monopoly that arises from the ownership of a key resource is De beers, the South African diamond company. The company was founded in 1888 by Cecil Rhodes, an English business man (and benefactor for the Rhodes scholarship), when he merged two of the biggest mines in the country. Rhodes then proceeded to use his profits to continue buying mines, consolidating his market power.
Today, De Beers controls about 80% of the world’s production of diamonds. Although the firms share of the market is not 100%,it is large enough to exert substantial influence over the market price of diamonds.
How much market power does De Beers have? The answer depends in part on whether there are close substitutes for its products. If peoples view Emeralds, rubies and sapphires as good substitutes for diamond, then De Beers have relatively little market power. In this case, any attempt by De Beers to raise the price of diamonds would cause people to switch to other Gemstones. But people view this others stones as very different from diamonds. Then De Bees can exert substantial influence over the price of its product.
--- Content provided by FirstRanker.com ---
De Beers pay for large amount of advertising. At first this decision might seem surprising. If a monopoly is the sole seller of its product, why does it need to advertise? One goal of the De Beers ads is to differentiate diamonds from other gems in the minds of consumer. When their slogan tells you that” A diamond is forever”, you are meant to think that the same is not true of emeralds, rubies and sapphires.(And the notice that the slogan is applied to all diamonds, not just de Beers diamonds-a sign of De Beers monopoly position.)If the ads are successful consumer will view diamonds as unique, rather than as one among many Gemstones, and this perception will give De Beers greater market power.QUESTIONS:
(a) Before other nations began mining for diamonds, did De Beers have a geographic monopoly, or was it part of a monopolistic competition? 07
(b) As more businesses and nations enter the diamond industry, why does De Beers retain such a significant share of the market? 07
OR
--- Content provided by FirstRanker.com ---
Q.5 (a) Honest Juice Bar has the following cost schedules.Quantity Variable cost Total cost
0 0 30
1 10 40
2 25 55
--- Content provided by FirstRanker.com ---
3 45 754 70 100
5 100 130
6 135 165
Calculate AVC, ATC, & MC for each quantity, Graph all three curves. What is the relationship between the marginal cost curve and the average total cost curve? 07
--- Content provided by FirstRanker.com ---
(b) What are the reasons that Aggregate Supply curve slopes upward in the short run? Explain with the help of diagram. 07This download link is referred from the post: GTU MBA Last 10 Years 2010-2020 Question Papers || Gujarat Technological University
--- Content provided by FirstRanker.com ---